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Lucky started working 2 years ago. Her starting salary was half of Karthik's salary at that time. Each year since then Lucky and Karthik have received a rise of 10% in their respective salary. What percentage (to the nearest percent) of Karthik's current salary is Lucky's current salary ?

Correct Answer: 50%

Let the salary of Karthik 2 years ago be Rs.100So, Lucky's salary 2 years ago was Rs.50

 

Karthik's present salary has seen two 10 percent increases. So as Lucky's salary.

So, Karthik's salary 1 year ago = 100 + 10% of 100 = 100 + 10 = 110.Karthik's present salary = 110 + 10% of 110 = 110 + 11 = 121.

 

Lucky's salary 1 year ago = 50 + 10% of 50 = 50 + 5 = 55Lucky's present salary = 55 + 10% of 55 = 55 + 5.5 = 60.5

 

Lucky's present salary of 60.5 = 50% of Karthik's present salary of 121.

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